5 Top-Performing Energy ETFs Over The Past Week

The energy sector has gained momentum lately with positive fundamentals building up in the space, pushing oil price higher. Notably, U.S. crude hit $58.03 per barrel, its highest price in six weeks.

The trade talks between the two world superpowers are expected to resume in early October and ease global slowdown concerns, which in turn will drive demand for oil. Bouts of stronger-than-expected data from China and stimulus package provided some relief to oil markets. Notably, China is the world's second-largest oil consumer and the largest importer. Further, Saudi Arabia’s new energy minister’s commitment to production cuts supported the oil rally.

Given the rebounding fundamentals, many energy ETFs have generated handsome returns over the past week. Below we have highlighted them:

VanEck Vectors Oil Services ETF (OIH - Free Report)

This fund tracks the MVIS U.S. Listed Oil Services 25 Index, which offers exposure to the companies involved in oil services to the upstream oil sector, including oil equipment, oil services or oil drilling.

Zacks Rank: #5 (Strong Sell)
AUM: $617.4 million
Expense Ratio: 0.35%
1-Week Return: 13%

SPDR S&P Oil & Gas Equipment & Services ETF (XES - Free Report)

This fund tracks the S&P Oil & Gas Equipment & Services Select Industry Index, which measures the performance of the companies engaged in the oil and gas equipment and services industry.

Zacks Rank: #5
AUM: $138.2 million
Expense Ratio: 0.35%
1-Week Return: 12.4%

iShares U.S. Oil Equipment & Services ETF (IEZ - Free Report)

This ETF offers exposure to U.S. companies that provide equipment and services for oil exploration and extraction by tracking the Dow Jones U.S. Select Oil Equipment & Services Index.

Zacks Rank: #5
AUM: $88.8 million
Expense Ratio: 0.42%
1-Week Return: 11.2%

Invesco Dynamic Oil & Gas Services ETF (PXJ - Free Report)

This product follows the Dynamic Oil Services Intellidex Index, which thoroughly evaluates companies based on a variety of investment merit criteria, including price momentum, earnings momentum, quality, management action, and value.

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